PUBLISHED : 24 Jul 2023 at 14:10
Thailand’s industrial sentiment rose for the first time in three months in June, bolstered by higher domestic demand, but sluggish exports and uncertainty over the formation of a new government remained a worry, an industries group said on Monday.
The Federation of Thai Industries (FTI) said its industrial sentiment index rose to 94.1 in June from 92.5 in May.
While domestic demand has been supported by a continued recovery in the vital tourism sector, soft global demand continues to crimp Thai exports, a key driver of Thailand’s growth, the FTI said in a statement.
The FTI expects 29 to 30 million foreign tourists this year, compared with nearly 40 million in pre-pandemic 2019, FTI vice chair Montri…
